The Indian stock market closed down on Thursday (May 8) amidst mixed signals from global markets due to India’s action against Pakistan after the Pahalgam attack. Pakistan tried to attack several military posts in the northern and western regions of India on the night of 7-8 May. In response, India destroyed the Lahore air defense system. After this development, the concerns of investors increased and in the last hour the selling dominated the market.
Thirty -share BSE Sensex opened up at 80,912.34 points on Thursday. During the trading, it was mostly trading at a stable level. However, after the tension with Pakistan increased, the index was seen in the index at the end of the business. Finally, the Sensex closed at 80,334.81 with a decline of 411.97 points or 0.51%. Similarly, the Nifty-50 of the National Stock Exchange (NSE) also opened firmly. There was mostly fluctuations in the index during trading. Finally, the Nifty closed at 24,273.80 with a decline of 140.60 points or 0.58%.
Major trigger points determining market activities
Mixed global markets, the status quo stance of the US Federal Reserve at interest rates, and the border tension between India and Pakistan after ‘Operation Sindoor’ will be the main factors affecting the Indian stock market today. In the previous session, the Sensex rose 105.71 points or 0.13 percent to 80,746.78 and NSE Nifty rose 34.80 points or 0.14 percent to close at 24,414.40.
What are the signs coming from global markets?
China’s CSI 300 in Asian markets increased by 0.16 percent while Shanghai fell 0.01 percent. Hong Kong’s Hangseng rose 0.45 percent and Japan’s Nikkei rose 0.07 percent, while Australia’s ASX 200.12 percent increased. The Wall Street Index rose on Wednesday. The market closed up with a boom in the semiconductor shares. According to reports, the rules on artificial intelligence chips will be relaxed. This led to a boom in semiconductor shares. Nasdaq increased by 0.27 percent, S&P 500 0.43 percent and Dow Jones 0.7 percent.
Fed kept interest rates stable
The US central bank Federal Reserve kept interest rates stable on Wednesday. But still, the risk of both high inflation and unemployment has increased. This has made economic possibilities even more dark. Whatever the case, the US central bank is struggling with the impact of tariff policies of Trump Administration. Fed said in a policy statement that the overall economy is “continuing to expand at a solid pace. The decline in the first quarter production was due to record imports, which came before the new tariff was implemented.”
Today fourth quarter results
Asian Paints, Bharat Forge, Biocon, Britannia, Canara Bank, Chambal Fertilizers & Chemicals, Escorts Kubota, Idea -Forge Technology, IIFL Finance, L&T, MCX, Titan, Sula Wineyards, Union Bank of India, G Entertainment Antimies and other companies today Will announce
